A binding price ceiling that could be set in the market in the graph shown would be:

A. $15.
B. $8.
C. $11.
D. $30.


Answer: B

Economics

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Use the following graph to answer the next question.In the figure, AD1 and AS1 represent the original aggregate supply and demand curves. If Q1 is full-employment output, then the long-run aggregate supply curve is located at output level ________.

A. Q2 B. Q1 C. Q3 D. None of these choices are correct.

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Refer to the scenario above. Which country is likely to have the highest Human Development Index?

A) Neoland B) Ritzland C) Techland D) Eduland

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?Marginal propensity to consume is equal to the change in ____ divided by the change in ____

a. consumption spending; total income b. saving; total income c. saving; disposable income d. consumption spending; disposable income

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The type of human capital formation that occurs in the business sector is called

A. vocational education. B. business education. C. on-the-job training. D. productivity enhancement.

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